The Latest Breaking News from Khalid alFalih

The Saudi ministries of culture and investment concluded a memorandum of strategic partnership to develop cultural investment in the Kingdom and attract local and foreign investors to the sector. In a ceremony on Wednesday, Saudi Minister of Culture Prince Badr bin Abdullah bin Farhan and Eng.

Experts and participants in the Saudi Media Forum have emphasized the need to consciously keep pace with the transformations of the media environment. They also identified means to develop media discourse and the performance of institutions and individuals working in the sector, to meet the expectations of the public, which…

Senior Saudi government officials revealed serious trends towards activating development, innovation and research within the framework of the country’s transformation plan, disclosing the imminent completion of a strategy dedicated to research and development. The Ministry of Education launched on Wednesday in Riyadh, the first dialogue conference, entitled “Integration and Sustainable…

The Saudi Minister of Investment, Khalid al-Falih, revealed that 26 agreements were concluded with a total value of about $29 billion during the visit of the Saudi Crown Prince, Prince Mohammed bin Salman, to South Korea. Falih confirmed to Al Arabiya channel that the Shaheen project is the biggest foreign…

Oxford Economics has predicted that the Saudi economy will cross the trillion-dollar mark for the first time this year. The leader in global economic forecasting and econometric analysis pointed out that the growth rate of Saudi Arabia's national product will reach 7.5 % during 2022. The International Monetary Fund has…

Saudi Minister of Investment Engineer Khalid Al-Falih hailed the Jeddah Security and Development Summit that was held on Saturday. “These meetings come at a particularly critical period and offer us the opportunity to boost the relations and strategic partnerships between our countries and the United States, for the good of…

In an effort to enhance bilateral trade and economic cooperation, the Saudi-Greek Investment Forum convened on Monday in Athens, in the presence of leaders and representatives of the two countries’ public and private sectors. The forum was chaired by Saudi Investment Minister Eng.

It might seem somewhat strange for one of the biggest electric car producers to open a factory in one of the world’s major oil-producing countries, but it actually boils down to the story of the most exciting economic transformation of the 21st century. “It is one of the most exciting…

US-based Lucid Motors on Wednesday laid the foundation stone for its first-ever electric car plant outside the US at King Abdullah Economic City (KAEC) in the Saudi western city of Rabigh. Minister of Industry and Mineral Resources Bandar Alkhorayef announced that Saudi Arabia is targeting manufacturing of more than 300,000…